Cerity Partners LLC Invests $1.10 Million in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Cerity Partners LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 39,804 shares of the real estate investment trust’s stock, valued at approximately $1,098,000.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the third quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock valued at $252,378,000 after purchasing an additional 1,847,577 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 22.5% during the second quarter. BlackRock Inc. now owns 8,702,176 shares of the real estate investment trust’s stock valued at $217,554,000 after purchasing an additional 1,599,641 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 14.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,856,866 shares of the real estate investment trust’s stock valued at $111,772,000 after purchasing an additional 498,044 shares during the last quarter. Amundi increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 58.8% during the fourth quarter. Amundi now owns 2,898,675 shares of the real estate investment trust’s stock valued at $85,859,000 after buying an additional 1,073,727 shares during the last quarter. Finally, State Street Corp increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the second quarter. State Street Corp now owns 2,162,923 shares of the real estate investment trust’s stock valued at $54,073,000 after buying an additional 300,785 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI opened at $24.95 on Monday. The firm has a fifty day moving average price of $25.89 and a 200-day moving average price of $23.93. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. The stock has a market cap of $2.84 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.95 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1 year low of $13.22 and a 1 year high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.415 per share. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.65%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.88%.

Analyst Ratings Changes

HASI has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 26th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a report on Thursday, February 15th. Bank of America increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Mizuho increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus target price of $31.89.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.